US company Pangaea Logistics Solutions has announced the acquisition of a secondhand 58,000 dwt bulk carrier for a price of $14.1m.
Splash understands that the vessel is the 2011-built supramax bulker Nantong K, acquired from Japanese owner K Line.
The vessel will be delivered to Pangaea in September, adding to the company’s fleet to 22 ships.
“This 2011 Nantong/Kawasaki built 58,000 dwt dry bulk vessel, fits well into our core fleet and trading activities, and will give us another tool to serve our client’s demanding cargo needs. We are committed to providing our clients with best in class service through our flexible owned and operated fleet. This ship, to be named Bulk Friendship, is another step in our effort to renew our owned fleet with high quality and efficient tonnage as we approach the new low sulphur fuel requirements in 2020,” said Ed Coll, CEO of Pangaea.